Obsidian Energy Ltd T.OBE

Alternate Symbol(s): OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 35,700 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused on the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.

TSX:OBE - Post by User

Obsidian Energy Ltd

Bullboard Posts

Comment by krashzoneon Dec 26, 2017 11:53pm

53 Views

Post# 27228397

RE:RE:RE:WTI Hits $60 - Just The Start Of A Multiyear Bull Market

Is this guy serious???? "and oil price now is for January or February based on futures contract for the concept of backwardation or contango" - wtf does this even mean? Ask him if oil is in backwardation or cntango atm and what does that mean for the expected future direction of oil prices. I'd ask him myself, but he is another of the alts on my ever-growing ignored list.

$60 by end of '17 as predicted. No matter how he tries to spin it.

btw - this is the only board that I have ignored anybody on.

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support